When we were recently shopping for a house in palo alto and los altos, we heard about and competed against Chinese nationals. I don't know how many of these all

When we were recently shopping for a house in palo alto and los altos, we heard about and competed against Chinese nationals. I don't know how many of these all-cash offers were capital flight or how many were simply people looking to buy a house. Many of these stories came across as anti-immigration racism, but it very much wasn't limited to the ~1m market.